On Millennial Investing, I chat with Steve Adcock about how he retired at age 35 after living a somewhat luxurious lifestyle in his 20s, the pros and the cons of early retirement, the creative ways he and his wife limit their expenses by living off the grid, his thoughts on the follow your passion versus earn more money debate, and more! What are your thoughts on early retirement?💭 - Clay IMPORTANT: Please beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor's Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!
Great Episode! Love hearing viewpoints from those not knee deep in numbers and financials. Like the energy and vibe he's telling. Keep up the great work 😎!!
This is definitely interesting, great interview. My problem with the FIRE movement is that it is not financial independence necessarily. Your spending depends on what the market does, which is much more binary in nature and there is always this obsession with managing costs at any time. I am 29 now, freshly married and am rather considering a balanced approach: at one point, a part-time job and a sizeable equities portfolio to benefit from. But not planning to do that until I am at least 50.
Eventually, the S&P 500 is going to decline 90% (at least in inflation-adjusted terms); and when that happens, we're going to see a lot of "riches-to-rags" stories. When that'll start, I don't know; but I'm sure it's going to happen.
Agree, this FIRE movement will evaporate within days in that case. Image theb looking for a decent job after being "retired" for a couple of years in the midst of a possible recession.
This guy never had any kids, just dogs. It’s like you didn’t live a complete life. I have $1.8 million at 31, but have kids and need insurance. What is his healthcare situation?
I think this lifestyle is kind of hedonistic. He won’t have any kids and will try to live off of this iceberg of capital. The ocean is warming. If no one works and no one has kids, there aren’t going to be goods and services and no one of working age when this guy is 62 to do anything. He also has a wife, so cut his figures in half. I also treat the house as if it is only a an expense and assign no economic value to it for net worth.
Yeah and he lives off-grid and in the desert. Doesn’t sound very appealing to me. Sure I could quit my job, go live like the unibomber in the woods. Great.
See Mandy and Sean Senske on Kids, Marriage and Money channel. By the age of 39 Sean and Mandy had acquired 1.6 million in investments. They have three children and a ten year old home they had built. Both continue to work, Mandy enjoys her job as admin assistant. Sean does electrical maintenance. Andy Hill channel has other financial success stories. Andy Hill has does well with two children. Paid off $500,000 home and substantially investments valued together at one million, but left his corporate job and started his own channel.
On Millennial Investing, I chat with Steve Adcock about how he retired at age 35 after living a somewhat luxurious lifestyle in his 20s, the pros and the cons of early retirement, the creative ways he and his wife limit their expenses by living off the grid, his thoughts on the follow your passion versus earn more money debate, and more! What are your thoughts on early retirement?💭 - Clay
IMPORTANT: Please beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor's Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!
Great Episode! Love hearing viewpoints from those not knee deep in numbers and financials. Like the energy and vibe he's telling. Keep up the great work 😎!!
Thank you for listening!
This is definitely interesting, great interview. My problem with the FIRE movement is that it is not financial independence necessarily. Your spending depends on what the market does, which is much more binary in nature and there is always this obsession with managing costs at any time.
I am 29 now, freshly married and am rather considering a balanced approach: at one point, a part-time job and a sizeable equities portfolio to benefit from. But not planning to do that until I am at least 50.
"The golden handcuffs"...🤣👍.
Eventually, the S&P 500 is going to decline 90% (at least in inflation-adjusted terms); and when that happens, we're going to see a lot of "riches-to-rags" stories. When that'll start, I don't know; but I'm sure it's going to happen.
Agree, this FIRE movement will evaporate within days in that case. Image theb looking for a decent job after being "retired" for a couple of years in the midst of a possible recession.
This guy never had any kids, just dogs. It’s like you didn’t live a complete life. I have $1.8 million at 31, but have kids and need insurance. What is his healthcare situation?
Hear hear!!
I think this lifestyle is kind of hedonistic. He won’t have any kids and will try to live off of this iceberg of capital. The ocean is warming. If no one works and no one has kids, there aren’t going to be goods and services and no one of working age when this guy is 62 to do anything.
He also has a wife, so cut his figures in half. I also treat the house as if it is only a an expense and assign no economic value to it for net worth.
Yeah and he lives off-grid and in the desert. Doesn’t sound very appealing to me. Sure I could quit my job, go live like the unibomber in the woods. Great.
Yep deffo agree - you need kids to have a complete life. What’s he gonna do if his wife leaves him.. half his assets gone and alone.
See Mandy and Sean Senske on Kids, Marriage and Money channel. By the age of 39 Sean and Mandy had acquired 1.6 million in investments. They have three children and a ten year old home they had built. Both continue to work, Mandy enjoys her job as admin assistant. Sean does electrical maintenance. Andy Hill channel has other financial success stories. Andy Hill has does well with two children. Paid off $500,000 home and substantially investments valued together at one million, but left his corporate job and started his own channel.
Good info. Thanks for dusting on photography for me 😹
Or just buy BTC and wait 10 years
Why tf did you not ask him about his problems with Robert k??? Are you even listening????
Who is Robert K ?